Hines’ POSTQUARTIER in Germany Awarded LEED Gold Pre-Certification

(STUTTGART) – The Stuttgart office of Hines, the international real estate firm, announced today that POSTQUARTIER has earned Gold pre-certification under the U.S. Green Building Council’s LEED® for Core & Shell Rating System.

POSTQUARTIER is positioned to be the first LEED certified property in Stuttgart and the first LEED certified redevelopment project in all of Germany.

Originally constructed in 1927, POSTQUARTIER is a 285,243-square-foot, 11-story office building with retail on the first two floors.

The property is owned by the Hines European Value Added Fund and is currently being redeveloped by Hines Germany with expected completion in late 2010.

Located at the corner of Kronenstrasse and Thouretstrasse, the building will maintain much of its historical architectural interest, but will feature completely new interiors, new roof terraces and new mechanical systems.

Other green features and programs include: the use of low-VOC materials, adhesives, paints and sealants; the use of certified woods; the use of regionally manufactured materials; the installation of water-efficient fixtures; the replacement of obsolete mechanical systems; and the installation of a green roof to reduce HVAC loads and manage storm water runoff.

Hines Co-Managing Director of Germany Alexander Moell said, “The conversion of the 1920s building into POSTQUARTIER represents the transformation of an obsolete existing building into a high-performing one that competes with the best new product in the market.

Furthermore, POSTQUARTIER reflects heightened sensitivity to tenant experience, occupant productivity and environmental integrity.

Hines is excited to deliver Stuttgart’s first LEED certified property.”

Hines is a leader in the U.S. Green Building Council’s programs, with 192 projects, representing more than 100 million square feet that have been certified, pre-certified or registered under the various LEED rating systems. Hines was a founding member of the German Sustainable Building Council and the Russian Green Building Council, is a member of the Brazilian Green Building Council, the Indian Green Building Council and the Italian Green Building Council, and is active in the BRE Environmental Assessment Method program in the United Kingdom and the Haute Qualité Environnementale program in France.

Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,111 properties representing more than 451 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. With offices in more than 100 cities in 17 countries, and controlled assets valued at approximately $22.2 billion, Hines is one of the largest sustainable real estate organizations in the world. Visit www.hines.com for more information. To learn more about sustainability at Hines, visit www.hines.com/sustainability.